At least Brookfield is doing well!

Carney's inability to steer Canada towards prosperity really does make one question if an Ivy League university is really worth the money. Unless of course, you use it to purposely destroy an economy for personal gain. If that is the case, such an education is well worth the money. Doing a quick browse of Better Dwelling today and the page was full of news supporting Elbow-up Economics. Good job Carney Marx. 

This Week’s Top Stories: Canada’s Epic Housing Crash, Insolvencies Soar - Better Dwelling

Elbows-up Economics

Canada is also watching global investment walk away — and it didn’t happen by accident. While countries like the United States are attracting new capital and rebuilding industrial strength, Canada has spent years pouring public money into Net‑Zero programs that have delivered little in return. If any at all.

During the Trudeau era billions in taxpayer funds were directed toward heat pumps, solar subsidies, EV incentives, and wind projects. At the same time, Mark Carney — a key adviser to the Trudeau government while an executive at Brookfield Asset Management, one of the world’s largest climate‑finance players — helped shape the very policies that fueled this spending. 

Meanwhile, Canada’s competitiveness eroded. Auto jobs disappeared with no serious plan to replace them. And instead of protecting our domestic manufacturing, Carney's policy is supporting Chinese EV production.

The result is a country losing ground. Investment is flowing elsewhere. Growth is slowing. And Canadians are left wondering why so much public money went into transition programs while so little went into rebuilding the industries that once made Canada strong.

If Canada wants to compete again, it needs a strategy focused on providing the things the world demands. Not goods mandated by government that so far has not resulted in an increase to our standard of living. The opposite has occurred instead. Canada is running out of time to attract capital, restore industrial capacity, and put economic growth ahead of political branding and virtue signalling. Until then, the investment exodus will continue — and Canadians will pay the price.

Is it just coincidence that hundreds of billions of taxpayers dollars was directed at Net-Zero under Trudeau while Carney was both his main consultant and a Brookfield Asset Management executive at the same time? Wake up, Canada!

There’s a growing and legitimate concern that China-loving Carney and BC's Eby are rushing to prop up real‑estate players whose financial troubles may extend far beyond BC — including foreign investors now facing a historic housing collapse in China(see chart below). For years, Vancouver’s market was a magnet for global capital, and multiple investigations have shown that illicit money from various countries flowed through local real estate. Now, as China’s property sector implodes, it’s fair to ask whether those past inflows are coming back to haunt us.

Instead of allowing full scrutiny, the government shut down opposition attempts to question the bailout. That alone raises red flags. If everything is above board, why block transparency? Why prevent the public from understanding who benefits and why?

Meanwhile, China’s housing market is in freefall, its banking system is under strain, and some of the same networks that once poured money into Vancouver are now desperate to avoid catastrophic losses. If BC’s bailout ends up cushioning those investors — even indirectly — then taxpayers are effectively stabilizing foreign balance sheets while our own housing crisis worsens.

The last thing Canadians need is our market to return to 2006 prices like China's has. 

Yikes! TFSA is not being fully utilized

Click to enlarge  

I am hoping the reason for such a low average fair market value is a result of Canadians favouring the RRSP (which they should not do) rather than an inability to save, but the amount is not enough to retire on.  No wonder home equity is so important to the Canadian economy.

Tax-Free Savings Account (TFSA) Statistics - Canada.ca

Moose On The Loose

You can't make this stuff up! We literally have the most unethical prime minister in Canada's history. Carney uses tax dollars for subsidies to homeowners to help pay for Brookfield heat pumps.

I have been following this independent journalist for a few years now. His reports are not liked by the Liberal establishment.